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Life-Insurance

Overviews

Life comes with risks and unforeseen incidents that can put your family's financial security in jeopardy. Have you thought about a Life insurance plan to cover your family in such times? Know the right life insurance cover for your family and enjoy a host of benefits exclusively with our products. A life insurance policy is a secured way of protecting your family financially in the unforeseen eventuality of your demise, or disability or critical illness by means of certain add-ons. Let’s have a look at some of the options you can consider according to your requirements in life insurance.

Term Insurance

It is the simplest and cheapest form of insurance that is designed to offer financial protection for a specified tenure. It insures your family gets lump sum amount i.e. sum assured after your death to lead financially stable life. However, if you survived the term period, the insurer pays nothing.

ULIP

In ULIP or Unit Linked Insurance Plans, a portion of the premium goes towards providing the life cover, while the remaining portion is invested in equities or debts. The investment portion in ULIP is subject to market volatility.

Child Plans

The increasing education cost is causing uneasiness among parents. Therefore, it is best to invest in a good children’s health insurance plan to give secured life to your child even in your absence. A child life insurance plan offers a lump-sum amount to the beneficiary (i.e. child) on the death of policyholder.

Pension Plan

Pensioners insurance plans are offered by life insurance companies to help an individual build a retirement corpus. This money helps a person lead a financially secured life even after retirement. In case of an unfortunate death of the policyholder, the nominee can either get lump-sum or receive a regular pension for the rest of the policy tenure.